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New Media, Gannett set meetings to approve merger

Sep. 30, 2019 9:57 AM ETBy: Jason Aycock, SA News Editor
  • New Media Investment Group (NEWM +1.8%) and Gannett (GCI +1.4%) have set special meetings for their shareholders to vote on New Media's acquisition of Gannett.
  • New Media set its meeting for 8 a.m. ET Nov. 14. Sept. 26 was the record date for the special meeting, the same day that the Hart-Scott-Rodino waiting period on the deal expired.
  • And Gannett set its meeting for 10 a.m. ET on Nov. 14; Sept. 26 was also the record date for that meeting.
  • Aside from approval by both groups of shareholders, the deal needs clearance from the European Commission. It's expected to close by year-end.

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